HomeMy WebLinkAboutCity Council Resolution 873 RESOLUTION 873
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SARATOGA, CALIFORNIA, ADOPTING AN EMPLOYEE' S
DEFERRED COMPENSATION PLAN AND APPROVING AN
AGREEMENT WITH NATIONAL PLAN COORDINATORS, INC.
FOR COORDINATING THE CITY OF SARATOGA EMPLOYEE 'S
DEFERRED COMPENSATION PLAN
WHEREAS, the City of Saratoga desires to provide an Employee's
Deferred Compensation Plan.
NOW THEREFORE BE IT RESOLVED by the City Council of the City
Saratoga, California as follows:
Section 1: An employee Deferred Compensation Plan is
hereby adopted. The City consents to a Plan
and assumes the obligations to be performed on its part as
set forth in the Plan.
Section 2: The Plan shall be effective and shall apply to
compensation earned after the effective date.
The City consents to the participation of any employee, or
officer, such participation to be in accordance with the
Participation Agreement.
Section 3: The City Clerk shall certify to the adoption
of this Resolution and shall cause this Resolution
to be entered in the records of the City Council of this
City.
Section 4: Agreement No. 1 , with the firm of National
Plan Coordinators, Inc., to serve as Plan
Coordinators of the above Plan, is hereby approved; and
Section 5: That the City Manager is hereby authorized to
execute said Agreement No. 1 and all other
documents and initiate all other proceZ~'~es to implement
said Plan.
The above and foregoing resolution was duly and regularly
introduced and passed by the City Council of the City of Saratoga
on the 20thday of September , 1978, by the following vote;
AYES: Councilmen Kal~ Maffeoni, Ca]Ion, Kraus& Corr
NOES:
ABSENT: None
ATTEST:
APPROVED AS TO RM: '/'